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The Italian economy, chronically stagnant over the last decade, shrank in the second quarter by 0.3percentt, according to the government data.
Mr. Pischetsrieder said that he did not expect to see his worst-case outcome, which he described as a euro trading above $1.30 (it now trades at $1.24), a chronically stagnant market and plunging car prices.
Along the euro area's southern tier, the chronically stagnant Italy has been joined by Spain, where the bursting of a construction and real estate bubble is likely to bring a recession.
Even if they do not care about human rights, Jamaica's politicians and its government might spare a thought for the impact of their intolerance on a chronically stagnant economy.
Similar(56)
There is no way to bring America's consumer economy back to robust health if unemployment is chronically high, wages remain stagnant and the jobs that are created are poor ones.
He shrugged off scandals for two decades in and out of the prime minister's office while failing to address a stagnant economy; chronically high unemployment, particularly in southern Italy; and what many Italians saw as a degraded quality of life.
He cited hurdles to growth: chronically high unemployment (and its high social costs), stagnant productivity in southern Europe and a financial sector focused more on arcane innovation than on support for the small start-up businesses that drive job creation.
He is chronically fickle.
Stagnant prose?
I'm chronically sorry.
It's stagnant.
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